Human Wallet has introduced its Web3 wallet into public alpha testing to prevent blind signing risks for users. The new security update emerges from the recent $1.5 billion Bybit breach showing weaknesses with transaction approvals. Human Wallet uses two-party computation(2PC) technology, trusted execution environments (TEEs), simulated transactions, and hardware wallets to safeguard against potential threats.
Transaction previews are exclusive to secure hardware wallets through the wallet system preventing compromised interfaces from altering the transaction data. Users can access alpha testing through download of the Human Wallet browser extension from the Chrome Web Store.
Human Wallet Enhance Protection Against Blind Signing Risks
The Bybit hack demonstrated the risks that arise from users allowing blind signing which lets them approve transactions without understanding them first. The security method of Human Wallet stops vulnerabilities through its human-readable transaction summary display feature on hardware wallets instead of web interfaces and linked devices.
The solution allows users to check precise transaction information before executing signatures for dual defense against phishing attempts and front-end exploits. Human Wallet differs from standard Web3 wallets due to its reliance on decentralized Human Network cryptographic validation instead of relying on centralized verification solutions.
Multi-Layer Security with AI-Assisted Protection
The security features of Human Wallet include AI-powered transaction simulation technology that displays plain language transactions for better user validation. The feature delivers better protection against phishing attacks through its ability to allow users to check transactions without needing to understand difficult hexadecimal code strings.
The wallet system allows users to construct multi-signature authentication protocols in combination with hardware wallets operated through two-factor authentication (2FA). The enhanced security structure ensures protected access to accounts despite key recovery failures. The approach implemented by Human Wallet combines hardware-free and command-line-free security features to achieve both safety and convenience for users.
The Human Wallet serves as part of the human.tech protocol suite which Holonym Foundation developed. The combination of 2PC technical architecture with the TEE framework enables users to have secure Web3 usage.
Co-founder Nanak Nihal Khalsa from Holonym Foundation stressed the need to resolve security challenges recently due to attacks. Users received guidance from Nanak Nihal Khalsa to test the wallet security features during the alpha phase without depending on it for substantial cryptocurrency management needs. Human Wallet features hardware wallets and frontend free design to provide complete protection against the traditional Web3 signing issues of transaction blindness.
